Minimizing incentive-driven threat in Proof of Stake protocols - STORE News
STORE’s DyPoS does it with a leaderless consensus algorithm and equitable incentive model
1/ The paper, "Formal Barriers to Longest-Chain Proof-of-Stake Protocols" by Jonah Brown-Cohen, Arvind Narayanan, Christos-Alexandros Psomas, and S. Matthew Weinberg assumes PoS blockchains are "similar" to PoW, except for wasted energy associated with the latter.
15/ But, unless > 1/3 of validators collude and coordinate their attack, the block validation progresses well. The way BlockFin validation is designed, the whole network and any external observers know who is not signing the blocks.
16/ This is because the assembled blocks are in pending state with ~2/3 validator signatures, so all observers know the current state of block validation progress. BlockFin addresses this concern in a novel way, but that discussion is for another day!
17/ Decentralization (security) can't be achieved with technology alone. We believe that economics and on-chain governance must bear equal responsibilities. @storecoin's Dynamic Proof-of-Stake protocol, which uses BlockFin as its "technology" foundation, will try to achieve this. pic.twitter.com/mohE5ajFw1